Coastal Erosion Forces Major Price Cuts in Long Beach Real Estate
1 report, 1 independent
Updated 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
A home in Long Beach, Seaside Walk, initially listed for $4.95 million, saw its price drop to $2.9 million after the beach in front of it gave way due to powerful surf. Thirteen residences were red-tagged as unsafe following the erosion. The listing now specifies the property is "RED TAGGED and is LAND VALUE."
From nypost.com
Why it matters
This local situation reflects a larger issue in California, where models warn that 24% to 75% of Southern California's beaches could disappear seasonally or permanently by 2100 due to rising seas. The report notes that highly developed areas of Southern California face especially severe losses.
From nypost.com
Who's involved
- CarterListing agent and resident operating in Long Beach
- Long BeachCity experiencing coastal erosion and property red-tagging
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The entities involved
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Carter
photographer
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Long Beach
city in Los Angeles County, California, United States